Browsing All posts tagged under »iran central bank«

Today, Iran’s banking system, day by day is sinking in bad loans, that seem to continue to pile up, as the time goes on. The “Ticarete Farda” newspaper recently reported that after Mahmoud Ahmadinejad became president in 2005, the amount of bad loans rose by $57 billion in the last 7,5 years. The newspaper compared […]

It seems like Iranian officials have finally started to realize what damage is being done to the whole country with sanctions being imposed on the Islamic Republic. A few days ago a special meeting with representatives from Iranian parliament, presidential administration and the juridical system was held in the parliament, regarding the “economy of resistance” […]

Since Iran’s Central Bank has been banned from using Worldwide Interbank Financial Telecommunication (SWIFT), the Islamic Republic announced they now have an alternative system implemented, according to Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani. He said the new system has already been activated and that it tends to substitute SWIFT. Whether it […]

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